Have you ever considered that your investments could be part of saving lives? In this video, you’ll hear from Eventide Research Analyst Anant Goel on the value created by the companies creating advanced driver-assistance systems.
I often ask people, how many people do they think die each year in auto accidents? Its 1.3 million people globally, and it's about 40,000 people in the United States alone.
In this chart, what you can see is data from the 1970's all up until recently. And what we saw was for almost 30 years, there was a reduction of almost 1.5% year on year reduction in the number of fatalities through car accidents. But what we've seen in the last couple of years is that number has started going up by over 6%. We believe part of that is due to distracted driving. And I also like to ask people what percent of the accidents do they believe happen due to human error? And that number is a staggering 94%.
Isn't that incredible? That's over 1.1 million people dying every year just due to human error while driving.
Wouldn't it be great if we had technology that was able to address this to a certain extent? Advanced driver-assistance systems, or ADAS, has the potential to make driving significantly safer.
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